Elon Musk, the richest man in the world, lost $170 billion of his wealth in just one year, which is the largest loss for a person in the wealth index..
According to the Al Ain news site, Elon Musk’s wealth last November 2021 amounted to about $340 billion, according to the Bloomberg Billionaires Index, before falling to $170 billion on Tuesday, November 22, 2022 andThus, the net loss of Musk’s wealth for about a year last November would be 50%, or the equivalent of $170 billion..
Since the start of this year 2022, the American billionaire has lost an estimated $101 billion, according to the Bloomberg Billionaires Index..
Though Musk lost this huge sum, which represents half of his wealth a year ago, he is still the richest person in the world with a net worth estimated at $170 billion, according to the Bloomberg Billionaires Index, as of Tuesday, Nov. 22. 2022..
Musk’s losses continued into 2022 as shares of his company, Tesla electric cars, fell to its lowest level in two years, in addition to the recent crises the American billionaire has entered, the latest being Twitter was the purchase operation and the problems that accompanied it and that still rage in the atmosphere of the famous social network platform..
Tesla, the electric car maker, has lost nearly half of its market value and Musk’s net worth is down $70 billion since he made an offer to buy Twitter last April..
